X
GO
CSR | Legislative Activity
Articles for category National Economy

Jerry Brown, Democratic leaders announce budget deal

Posted Jun 27, 2011 by   

Gov. Jerry Brown and Democratic legislative leaders announced today that they have reached an agreement on a new majority-vote budget plan.

"We've had some tough discussions, but I can tell you that the Democrats in both the Senate and the Assembly have now joined with the administration and myself and we have a very good plan going forward with the budget," Brown said at a press conference in his office this afternoon.
[Read More...]



The Outlook at Calpers Is Brightening, a Little

Posted May 19, 2011 by   

Wall Street Journal, May 19, 2011

The nation's biggest pension fund is on target to notch one of its strongest annual returns in the past 20 years, performance that is helping the fund regain its health and its confidence.

But state residents still are being stung by the California Public Employees' Retirement System's funding gap, showing the deep hole into which many pension funds have dug themselves.
[Read More...]



Calif. senators differ on Social Security fixes

Posted Apr 12, 2011 by   

When it comes to shaping the future of Social Security, Sen. Dianne Feinstein says "everything should be on the table," including gradually raising the retirement age.

Sen. Barbara Boxer takes a different view. She is co-sponsoring legislation that would require a two-thirds majority vote before Congress could proceed with any legislation that would reduce benefits, increase the retirement age or transition the program to private accounts.

[Read More...]



GOP in California tax talks

Posted Mar 03, 2011 by   

In what could become a turning point in Gov. Jerry Brown's effort to close California's $26.6 billion deficit, a group of Republican state senators may support the Democratic governor's plan to ask voters for extended tax increases, in exchange for concessions, people familiar with the matter said. [Read More...]



California Legislature heads toward passage of a budget

Posted Oct 08, 2010 by   

On the 99th night of the fiscal year, California lawmakers were still debating late Thursday whether to pass a budget, already the latest spending plan in state history.

[Read More...]



SEIU, Schwarzenegger agree to labor pact with pension concessions

Posted Oct 07, 2010 by   

The Schwarzenegger administration and Service Employees International Union Local 1000 have just announced a tentative labor agreement that includes higher employee contributions to their retirement plans and rolls back pension formulas for new hires to pre-1999 levels.

[Read More...]



1 2 3 4